Assembly Bill A4123

2011-2012 Legislative Session

Requires the registration of mail-in second-hand precious metals dealers with the department of state, regulates the conduct of the business thereof

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A4123 (ACTIVE) - Details

See Senate Version of this Bill:
S1097
Current Committee:
Assembly Codes
Law Section:
General Business Law
Laws Affected:
Add Art 12-C ยงยง220 - 227, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10004, S7032
2013-2014: A3645, S2632
2015-2016: S2637
2017-2018: S2218
2019-2020: S4295
2021-2022: S4758
2023-2024: S5689

2011-A4123 (ACTIVE) - Summary

Requires the registration of mail-in second-hand precious metals dealers with the department of state; and regulates the conduct of the business thereof.

2011-A4123 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4123

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            February 1, 2011
                               ___________

Introduced  by  M. of A. CAMARA, COOK, CRESPO, DenDEKKER, GALEF, GIBSON,
  McDONOUGH, McKEVITT, J. MILLER, MILLMAN, SALADINO, SPANO, ZEBROWSKI --
  Multi-Sponsored by -- M. of  A.  BOYLAND,  BRENNAN,  BURLING,  HEVESI,
  MARKEY,  McENENY,  M. MILLER,  PHEFFER,  ROBINSON, SCARBOROUGH -- read
  once and referred to the Committee on Economic Development

AN ACT to amend  the  general  business  law,  in  relation  to  mail-in
  second-hand precious metals dealers

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The general business law is amended by adding a new article
12-C to read as follows:
                               ARTICLE 12-C
                      MAIL-IN SECOND-HAND PRECIOUS
                             METALS DEALERS
SECTION 220. DEFINITIONS.
        221. APPLICATION OF ARTICLE.
        222. REGISTRATION, TRANSACTION AND RECORDKEEPING.
        223. TENDERING PAYMENT.
        224. INSPECTION OF RECORDS AND PREMISES.
        225. HOLDING PERIOD.
        226. PENALTIES.
        227. POWERS OF THE DEPARTMENT.
  S 220. DEFINITIONS. AS USED IN THIS ARTICLE:
  1. "DEPARTMENT" MEANS THE DEPARTMENT OF STATE.
  2. "JEWELRY" MEANS A PERSONAL ORNAMENT THAT CONTAINS A PRECIOUS  METAL
AND MAY CONTAIN A GEMSTONE OR GEMSTONES.
  3.  "MAIL-IN  SECOND-HAND  PRECIOUS METALS DEALER" MEANS ANY PERSON OR
ENTITY THAT:
  (A) CONDUCTS BUSINESS WITHIN THIS STATE,  THAT  CONTRACTS  WITH  OTHER
PERSONS  OR ENTITIES TO BUY PRECIOUS METALS OR JEWELRY THROUGH AN INTER-
NET WEBSITE, THE UNITED STATES MAIL OR TELEMARKETING; OR

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01609-01-1
              

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